VHC – Earnings review – [BUY] – 2Q24 Earnings surpassing expectations
In 2Q24, VHC released a VND3,196bn revenue (+17.3% yoy/ +11.9% qoq), thanks to the resumption of all business segments. Notably, pangasius fillets revenue posted to VND1,724bn (+8.7% yoy/ +17.8% qoq). NPAT-MI sat at VND314bn, sliding by 28.5% yoy but strongly reviving compared to 1Q24 (+85% qoq). This is a positive signal for earnings recovery.
Featured Analysis
HDG – Brief – [NONRATED] – NPAT boosted by drop in interest expenses
VJC – Brief – [NONRATED] – Strong core business, new supplying incoming
Seafood: Pangasius market – Indepth – [Overweight] – The tide is turning
VCB- Earnings review-[BUY]- Enhancing asset quality
POW – Earnings review – [HOLD] – Positive results from the low base
HVN – Brief – [NONRATED] – Debt write-off saved bottom line
MWG – Brief – [HOLD] – BHX would open 50 – 100 stores in 2H24F
